Latest news with #JenniferRoberts
Yahoo
a day ago
- Business
- Yahoo
JPMorgan expands affluent banking network with 14 new financial centers
JPMorgan Chase is aiming to cater to more affluent Americans through new branches that offer a higher level of service. The locations, known as J.P. Morgan Financial Centers, are the bank's newest branch format. The Wall Street firm will open 14 new J.P. Morgan Financial Centers in California, Florida, Massachusetts and New York this week. Most of them are former First Republic locations acquired in May 2023. Tuesday's announcement builds on the initial two J.P. Morgan Financial Centers that opened in late 2024. Finance Books To Help You Save, Budget Your Money For The Avid Reader And Big Spender The bank has no plans to stop its expansion there, either. It is seeking to nearly double the number of these centers by the end of next year. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," Chase Consumer Banking CEO Jennifer Roberts said in a statement. Read On The Fox Business App The centers are described as a place that is "thoughtfully designed to cater to the needs of affluent clients," with each location featuring private meeting spaces and "distinctive finishes." What Is A High-yield Savings Account And How Do I Set One Up? The new formats are part of the bank's broader push to expand its offerings for affluent clients. Chase Private Client is geared toward individuals with at least $150,000 in qualifying deposit and investment balances. However, J.P. Morgan Private Client serves those with more than $750,000 in qualifying balances. These clients receive highly personalized attention from a dedicated banker and a seasoned team of experts across personal banking, business banking, and lending. They also get access to J.P. Morgan Wealth Management advisers. If clients are not near a financial center, they can still access the benefits of a J.P. Morgan Private Client relationship through relationship managers in offices designed to support clients remotely, the bank article source: JPMorgan expands affluent banking network with 14 new financial centers Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
JPMorgan is expanding an initiative to woo more wealthy clients
JPMorgan Chase is opening 14 new financial centers specifically to serve wealthy clients. The bank is attempting to woo more rich clients with higher levels of service and personalization. The offices are in locations such as Palm Beach, Florida, and on Manhattan's Madison Avenue. JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers. The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco. The new locations are set to open in four states — California, Florida, Massachusetts, and New York — including one in Palm Beach, Florida, and one on Manhattan's Madison Avenue. These office-based branches were first acquired when JPMorgan took over the commercial bank and wealth management services provider First Republic in 2023. The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers. While JPMorgan leads the way in deposits and assets compared with Wall Street's biggest banks, competitors have a larger share of wealth management. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," Jennifer Roberts, the CEO of consumer banking at Chase, said in a statement. "These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care." Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors. Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members. In 2024, Chase opened more than 150 banks as part of its goal to open 500 new locations by the end of 2027. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
JPMorgan is expanding an initiative to woo more wealthy clients
JPMorgan Chase is opening 14 new financial centers specifically to serve wealthy clients. The bank is attempting to woo more rich clients with higher levels of service and personalization. The offices are in locations such as Palm Beach, Florida, and on Manhattan's Madison Avenue. JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers. The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco. The new locations are set to open in four states — California, Florida, Massachusetts, and New York — including one in Palm Beach, Florida, and one on Manhattan's Madison Avenue. These office-based branches were first acquired when JPMorgan took over the commercial bank and wealth management services provider First Republic in 2023. The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers. While JPMorgan leads the way in deposits and assets compared with Wall Street's biggest banks, competitors have a larger share of wealth management. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," Jennifer Roberts, the CEO of consumer banking at Chase, said in a statement. "These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care." Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors. Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members. In 2024, Chase opened more than 150 banks as part of its goal to open 500 new locations by the end of 2027. Read the original article on Business Insider
Finextra
2 days ago
- Business
- Finextra
JPMorgan Chase oepns new format branches to cater for affluent customers
JPMorganChase today announced it is expanding its affluent banking offering by opening 14 new J.P. Morgan Financial Centers across four states, bringing a uniquely tailored and high-touch experience to millions of potential clients. 0 JPMorganChase leaders will officially open the new centers this week in California, Florida, Massachusetts and New York in local ribbon-cutting ceremonies. Combined with the two J.P. Morgan Financial Centers that opened in late 2024, the firm has a total of 16 locations, with plans to nearly double that by the end of next year. 'Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase,' said Jennifer Roberts, CEO of Chase Consumer Banking. J.P. Morgan Financial Centers are the newest branch format from the nation's largest bank, thoughtfully designed to cater to the needs of affluent clients. Each location features private meeting spaces and distinctive finishes, creating an environment of privacy, sophistication and comfort. Clients who qualify for the J.P. Morgan Private Client offering will benefit from personalized support from a dedicated Senior Private Client Banker who brings the full breadth of JPMorganChase's expertise and extensive banking and wealth management offerings to each and every relationship. 'When we meet with clients, they consistently say they want a relationship that spans across banking, lending and investments, and provides a seamless experience as they navigate the complexities of managing and growing wealth,' Roberts said. 'These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care.' A New Standard in Affluent Banking JPMorganChase has been steadily expanding its affluent offering to help clients build better futures for themselves and their families by continuing to offer best-in-class services, products and benefits, based on relationship value. Chase Private Client is a relationship product designed for clients with $150,000 or more in qualifying deposit and investment balances. It is available in all 5,000 Chase branches nationwide. J.P. Morgan Private Client introduces the next level of affluent relationship offerings for clients with more than $750,000 in qualifying deposit and investment balances. Clients receive highly personalized attention from a dedicated banker and a seasoned team of experts across personal banking, business banking, lending and planning. This dedicated partnership includes J.P. Morgan Wealth Management advisors, who deliver industry-leading investment advice and solutions. J.P. Morgan Private Client services are available at the new Financial Centers, and in 14 remote offices nationwide. The office-based model, inspired by First Republic, caters to clients who may find it difficult to meet in person. Each office is led by a Relationship Manager, providing a single point of contact with dedicated support. 'The power of our coverage model means we can serve affluent clients according to their personal preferences,' said Stevie Baron, Head of Affluent Banking. 'Clients can visit a Financial Center, or work with a Relationship Manager in one of our office locations, if that is more convenient. We're excited to expand this new service model across our Financial Centers and remote offices to deliver highly personalized care and full access to the capabilities that JPMorganChase can offer in service of our clients' ambitions for their wealth and legacies.' New Financial Centers Located in Prominent Locations The new Financial Centers are primarily former First Republic locations that were acquired in May 2023. They include some of the most prominent locations in America, including Palm Beach, Florida; Napa, California; Madison Avenue, New York; and Cambridge, Massachusetts. Clients without a nearby Financial Center can still access all the benefits of a J.P. Morgan Private Client relationship through Relationship Managers in offices designed to support clients remotely. To learn more and access a list of J.P. Morgan Financial Center locations, please visit JPMorganChase Tailors its Branch Network to Meet Client Needs Chase branches operate in several different formats, depending on the specific needs of clients and the community. Some locations include meeting rooms and private spaces for personal conversations, while high-volume, full-service branches feature multiple transaction windows. Chase also operates 19 Community Centers across the country as part of an overall effort to expand access to banking, tools and advice to people who might not otherwise have access to them. These Community Centers are part of Chase's community-inspired branch network, which includes 300 locations in underserved areas. 'We firmly believe that our strategy of an extensive branch network, combined with great digital capabilities, and a team of experts who can advise customers on a variety of topics, leaves us uniquely positioned to be the primary financial partner for our customers today, tomorrow and for many years to come,' Roberts said. Chase has the largest branch network in the United States and is the only bank to have branches in all lower 48 states. Last year Chase opened more than 150 branches and is well on its way to meeting its goal of opening 500 new branches by the end of 2027.
Business Insider
2 days ago
- Business
- Business Insider
JPMorgan is expanding an initiative to woo more wealthy clients
JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers. The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco. The new locations will be opened in four states: California, Florida, Massachusetts, and New York. Offices will include a location in Palm Beach, Florida, and one on Manhattan's Madison Avenue. These office-based branches were first acquired when JPMorgan took over commercial bank and wealth management services provider First Republic in 2023. The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers. While JPMorgan leads the way in deposits and assets compared to Wall Street's biggest banks, competitors have a larger share of wealth management. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," CEO of Chase Consumer Banking Jennifer Roberts said in a statement. "These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care." Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors. Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members. In 2024, Chase opened over 150 banks as part of its goal to open 500 new locations by the end of 2027.
